Search Results for "fintech saudi"

Sarwa Gets Greenlight for Fintech Experimental Permit From Saudi Regulator

Sarwa, a Dubai-based investment advisory platform, was granted a fintech experimental permit by the Capital Markets Authority (CMA) of Saudi Arabia and will be expanding its service there. With the new license in hand, Sarwa can offer its wealth management

Read More

Zain’s Fintech Arm First to Receive Micro Loans License From Saudi Central Bank

Zain Group, a telecommunications company in the Middle East and North Africa region, announced that its fintech arm Tamam has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services to consumers across the Kingdom. This makes Tamam

Read More

Saudi’s Capital Market Authority Grants 2 More Fintech Experimental Permits

The Capital Markets Authority of Saudi Arabia (CMA) has granted the Financial Technology Experimental Permit (FinTech ExPermit) to the Sukuk Capital Company and Osool & Bakheet Investment Company. The FinTech ExPermit aims to provide a regulatory framework conducive to the

Read More

A Growing Fintech Ecosystem Is Emerging In Saudi Arabia

The fintech landscape in Saudi is said to be rapidly developing according to the Fintech Saudi Annual Report 2019/ 2020, which provides an overview of key developments in the region. Some of the updates over the last year includes the

Read More

Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing

Read More

3 Must-Attend Upcoming Fintech Events in Saudi Arabia

2018 was a key year for Saudi Arabia’s fintech sector as the government began to actively support the development of a healthy and vibrant fintech ecosystem. 2018 was marked by several milestones in the Saudi fintech landscape, with the launch

Read More

Swiss Fintech Provider Crealogix Accelerates Middle East Expansion with New Office in Saudi Arabia

CREALOGIX, a leading international Fintech company headquartered in Switzerland announced the opening of its new office in Riyadh, Saudi Arabia. The Riyadh office will be headed by Jamal M. Habahbeh, an expert in technology transformation with over 28 years of

Read More

Saudia Arabia Grants Fintech Experimental Permits to 3 Equity Crowdfunding Platforms

In reference to Fintech Experimental Instructions permits issued by the Capital Market Authority Saudia Arabia (CMA), Buthoor Solidarity, Afaq and Emkan Alarabiya will be able to experiment in equity crowdfunding which allows investors to participate in funding small and medium-size

Read More

Saudi Arabia: 18 Companies Join Fintech Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) has selected 18 companies to form the second batch of ventures to join its fintech regulatory sandbox. The companies will be testing fintech solutions they intend to launch in the country. The 18 companies

Read More

A Glimpse into Fintech in Saudi Arabia

Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &

Read More